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Products: Hawaii's Economy

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The Growing Importance of Tourism in the Global Economy and International Affairs

For tourism-dependent countries and destinations, tourism’s share of GDP can exceed twice the world average. Today, international tourism receipts exceed $1 billion per year in some 90 nations. Worldwide, domestic tourism is typically several times larger. Tourism truly has become a global economic and social force.

- by Carl Bonham and James Mak

Full Published Article: Bonham, Carl, and Mak, James. "The Growing Importance of Tourism in the Global Economy and International Affairs." Georgetown Journal of International Affairs. Edmund A. Walsh School of Foreign Service, Georgetown University, 22 July 2014.


Are Hotel Property Taxes Fully Passed on to Hotel Guests?

Recent research on the excise tax effects of the property tax in small, multi-sector open economies suggests that the property tax may not be fully forward shifted to consumers as previously believed. I adapt this analysis to examine whether local hotel property taxes in Hawaii are fully passed on to hotel guests as lawmakers had intended. We conclude that full forward shifting is unlikely. I argue that an excise/sales tax on hotel occupancy is preferable to the property tax as a tourist tax.

WORKING PAPER


The Impact of Marriage Equality on Hawai′i’s Economy and Government: An Update After the U.S. Supreme Court’s Same-Sex Marriage Decisions

The U.S. Supreme Court’s decisions in the two same-sex marriage cases have substantially increased the short-term and medium-term benefits that could accrue to Hawai‘i if the Hawai‘i State Legislature enacts legislation allowing same-sex marriages to begin in Fall 2013 or early in 2014.

RESEARCH PAPER


Sumner La Croix on PBS Hawaii Insights: Is Hawaii Losing Its Middle Class?

Is Hawaii losing its middle class? Paradise comes at a price, with rising food and housing costs, a challenged public school system and few professional opportunities in a tourist-driven economy. UHERO's Sumner La Croix joins Malia Mattoch and guests on Insights on PBS Hawaii to discuss how these issues impact the islands' middle class residents. 

WATCH


The Economic Impact of the University of Hawai'i System

The University of Hawai‘i (UH) generates economic activity through its purchases from local businesses, its payment to its employees, and spending by students and visitors. This report estimates UH’s total economic activity in the state of Hawai‘i in fiscal year 2012. Following a standard approach, we define economic impact to be the direct, indirect, and induced economic activities generated by the university’s spending in the state economy.

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Hawaii Economists Consider Impact Of Minimum Wage Increase

Two proposed bills in the legislation have the support of Governor Abercrombie, and could bump up Hawaii current minimum wage to $8.75 an hour. HPR's Molly Solomon reports on the potential impacts. 

Listen


Brief: Should we increase Hawaii's minimum wage?

A higher minimum wage is unlikely to accomplish the stated goal of raising the living standards of the working poor. And given Hawaii’s highly service oriented economy, the negative impact of an increased minimum wage may have a larger impact than in other states.

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The Impact of Same-Sex Marriage on Hawai‘i’s Economy and Government

This report provides quantitative and qualitative measures of the impact of same-sex marriage on Hawai`i’s economy and government. We find that marriage equality is likely to lead to substantial increases in visitor arrivals, visitor spending, and state and county general excise tax revenues. We estimate that fewer than 100 spouses will be added as beneficiaries to public and private employer-provided health insurance plans. The size of the gains from marriage equality depends critically on upcoming rulings by the U.S. Supreme Court on the constitutionality of California’s Proposition 8 and the Defense of Marriage Act.  

WORKING PAPER

 

 


UHERO State Forecast Update: Tourism Shines, Construction Clouds Lifting

 

Hawaii’s tourism juggernaut powers onward, but growth elsewhere remains elusive. Broader—and a bit stronger—expansion is in the pipeline.

A summary of this forecast is available as a service to the public. For more detailed analysis, subscribe to UHERO's Forecast Project.

 

 

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Economic Impact of the NELHA Tenants

 The Natural Energy Laboratory Hawaii Authority (NELHA) contracted the University of Hawaii Economic Research Organization (UHERO) to estimate its economic impact on the State of Hawaii. NELHA currently accommodates 41 tenants ranging from companies bottling deep sea water to solar and biofuel companies. These tenants pay close to $4 million in rent, royalties and pass through expense directly to NELHA. In addition, they employ hundreds of people, purchase goods and services from local businesses, and invest in capital improvements at NELHA.

PROJECT Paper


Foundations for Hawai‘i’s Green Economy: Economic Trends in Hawai‘i Agriculture, Energy, and Natural Resource Management

This report provides the first comparison of standard economic indicators for three sectors that are key to future sustainability in Hawai‘i - renewable energy, agriculture and natural resource management. Economic information has long been collected for many sectors in Hawai‘i, including agriculture and energy, but no systematic surveys have been conducted on the NRM sector to date. With support from The Nature Conservancy and Hau‘oli Mau Loa Foundation, the University of Hawai‘i Economic Research Organization was tasked with characterizing this important part of Hawai‘i’s economy, in terms of number and types of jobs, salaries, and annual expenditures.

PRoject PAPER


Hawaii Construction Forecast: Construction Edging Toward Recovery

Construction has yet to turn the corner in Hawaii, but a pickup is now more clearly in sight. Single-family home construction languishes, but new high-rise condos, retail, and resort-related development will boost non-residential building. And legal challenges aside, rail construction is poised to begin in earnest as this year progresses.

A summary of this forecast is available as a service to the public. For more detailed analysis, subscribe to UHERO's Forecast Project.

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UHERO State Forecast Update: Some Improvement, After Disappointing 2011

Hawaii’s stop-start recovery continued in the fourth quarter. We are a bit more optimistic about prospects for 2012.

A summary of this forecast is available as a service to the public. For more detailed analysis, subscribe to UHERO's Forecast Project.

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UHERO Asia-Pacific Forecast: Hawaii in the Asia-Pacific Century

The Asia-Pacific region will see further incremental slowing in the near term, due to headwinds from struggling Western economies. Longer term, several key trends will shape the pattern of growth in the region, including lingering aftereffects of the Japanese quake, population aging in Korea and other Asian economies, the vulnerability of emerging countries to developed economy shocks, and the challenge China faces in moving to a consumer society. These issues will have implications for Hawaii tourism and for local policymaking in coming years.

This report represents the first UHERO Asia-Pacific Forecast, a regionally focused report that replaces the broader Global Forecast we have prepared in past years. The Asia-Pacific Forecast reviews conditions and prospects for key countries within the region. For this maiden edition, we have also enlisted the help of an international team of scholars to provide expert analysis of key longer-term issues for regional economies and Hawaii.

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UHERO State Forecast Update: Hawaii in Pause Mode

Hawaii’s recovery pace has slowed to a standstill this year. Despite downside risks from the US and abroad, we expect modest gains for the state economy in 2012.

A summary of this forecast is available as a service to the public. For more detailed analysis, subscribe to UHERO's Forecast Project.

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